Apollo Commercial REIT Sells $9B Book to Insurance Arm
Market Intelligence Analysis
AI-PoweredApollo Commercial REIT sold its $9B portfolio to Apollo Global Management's insurance arm, citing the REIT's consistently low trading value compared to its book value.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
A property lender managed by Apollo Global Management agreed to sell its portfolio to the buyout firm’s insurance arm after the publicly listed real estate investment trust consistently traded below its book value. Bloomberg's Patrick Clark discusses the story on 'Bloomberg Markets' with Scarlet Fu. (Source: Bloomberg)
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